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if you're attending Devcon 8(@EFDevcon), especially if you're visiting india for the first time, here's a little safety + survival guide for mumbai โค๏ธ
if anything makes you uncomfortable at the event, with an attendee or an organiser, please reach out to me or any of the Devcon team. (this is the TLDR; of the thread btw)
i'm Nirupama, i'll be around. my DMs are open, and we'll take you seriously. no incident is too small to flag.
TxFlow is Hyperliquid from Temu
They forked Hyperliquid's Arbitrum bridge and changed the name. They copied HyperUnit too and forgot to change the name: txrelay[.]com literally says "Unit is the asset tokenization layer on TxRelay". The frontend, the API and the fees are Hyperliquid's. Even the slogan. The L1 is closed source, with Hyperliquid's naming on everything: TxCore, Tx-BFT, TIPs
Hyperliquid is closed source too, but it has 27 validators that each post prices, and anyone can run a node to check them. TxFlow has 5 validators, all its own, nothing you can run, and one key that acts as the entire oracle. The same key sits on the bridge multisig
So it's a centralized exchange secured by a 3/4 multisig. Their own audit says those keys "can propose arbitrary withdrawals"
And the growth plan is KOLs shilling ref codes
In the middle of getting liquidated you zoom in, slow down and reflect
โฆ realise life was just a โpapertradeโ
โฆand then you bounce back!
Adios SG, you were hazy but always LFG!
Ah shit, we did it again. ๐
Weโre cooking something at Subko. Grab your @EFDevcon ticket, swing by for some coffee, and hang with us.
Psstโฆthereโs an exclusive discount, but only until tomorrow. Just scan the QR. ๐
Planning a DEX Geeks (invite-only) meetup for traders attending DevCon/ IBW Mumbai.
Send us a DM for invites if you don't get one OR know a trader who deserves one.
RT for good karma.